Ethereum co-founder Vitalik Buterin said the Ethereum Foundation (EF) will cut its budget by about 40% this year and shift its spending approach under its previously disclosed financial management plan.
According to PANews, EF is transitioning from spending about 15% of its remaining funds annually to spending about 5% per year after 2030, as it moves toward becoming a long-term, endowment-style organization.
Buterin said EF will adjust its multi-client strategy and rely more on AI-assisted formal verification. He added that the PSE privacy and scaling exploration team will shift from “exploration” to focused development centered on zero-knowledge proofs.
EF will also scale down Devcon operations and losses, reduce large projects beyond Ethereum itself, and focus its institutional work on smaller, replicable CROPS-friendly deployment cases, Buterin said.
AI TRENDS | Ethereum Foundation to Cut Budget by About 40% and Increase AI-Assisted Formal Verification, Buterin Says
2026-06-23 14:43:54
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